Keeping Annual Meeting Minutes for Your PLLC/LLC

Keeping Annual Meeting Minutes for Your PLLC/LLC

Deposition Reporter: [reading off paper] "Mr. Scott, do you realize you just contradicted yourself?" "I did?" "Yes you did." "Can I go to the bathroom?" "No." "I really have to, I've been drinking lots of water." "You went five minutes ago." "That wasn't to go to the bathroom, that was to get out of a question." "You still have to answer it." "First can I go to the bathroom?" "No."~ “The Office” Season 4 Episode 12, “The Deposition” Taking notes is important. It got you through school (you did take notes, right?) and it helps you remember things that were…
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What Qualifies as a Medical Deduction?

What Qualifies as a Medical Deduction?

With COVID upon us and tax season coming up, you may be wondering if you can get any tax money back for all those dizzyingly exorbitant medical expenses you may have had. The answer, as it is with so many tax questions, is “it depends.” The deductibility of your medical expenses depends on: Whether your medical expenses exceed the “AGI floor” (more on that below)Whether you itemize your deductionsThe types of medical expense(s) you have incurred We’ll tell you right now that, sadly, unless you’ve had a major medical expense in 2020, you will likely be unable to deduct any…
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Scaling Your Therapy Practice Series: When to Outsource Your Bookkeeping

Scaling Your Therapy Practice Series: When to Outsource Your Bookkeeping

“For everything we don’t like to do, there’s someone out there who’s really good, wants to do it, and will enjoy it.”~ Josh Kaufman Running a successful business is all about focusing on what you do best, and knowing when to hire or pay someone else do the rest. Think back to the 1980s, when corporate conglomerates were all the rage. Companies tried to be everything to everyone and, for example, the Quaker Oats company bought an Atari videogame developer in 1982. Needless to say, the oat conglomerate did not run its videogame subdivision well, and the acquired division folded…
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